BofA says Brent crude could see occasional spikes over $200 a barrel over the next five years


Bank of America said in a research report Monday that the price of Brent crude is likely to stay above $80 a barrel over the next five years. The bank cited supply constraints of non-OPEC countries, as well as increasing budgets in OPEC nations that could result in the sustained higher prices, which will likely remain a drag on global economic growth.

Partner Content